Cathay Pacific to spend HK$2 billion on e-business

Cathay Pacific rises above escalating oil prices and aims for the sky with its new e-business ventures

Cathay Pacific Airways will invest HK$2 billion $256.5 million on more than 30 e-business ventures over the next three years. Most will be launched during the next six months as part of the airline's goal to become Asia's leading e-business air carrier. The HK$2 billion figure excludes spending on infrastructure, and will be financed internally, according to Cathay Pacific's director and chief operating officer, Philip Chen, who declined to reveal further details on...